Temporary tax reliefs on qualifying investments

This applies to companies within the charge to Corporation Tax investing in plant and machinery on or after 1st April 2021. The companies can claim for the investments made in qualifying expenditures between 1st April 2021 and 31st March 2023: Super deduction offering 130% first-year relief on qualifying main rate…

Gender Pay Gap

Started in 2017, the legislation was introduced making a statutory duty for organisations numbering 250 or more employees to give an annual report on their gender pay gap. This included the mean and median pay and bonus gaps, proportions of male and female in each pay quartile and proportions of…

Late submission of VAT returns

The deadline for your VAT return is generally 1 month and 7 days after the end of a VAT reporting period. Completing a VAT return approx. every 3 months will determine how much VAT is due. This lets HMRC know the figures of your total sales and purchases in the…

Can Tax Agents help with deferred VAT?

Due to the COVID-19 pandemic, all VAT registered businesses had the option available for their VAT payments to be deferred automatically for amounts due in the periods from 20th March to 30th June 2020. No interest or penalties have been charged on that outstanding VAT debt, and businesses have been…

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